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Investors may apply for between HUF 400 million and HUF 1 billion per project to cover up to 10% of total costs if drilling is successful and as much as 50% if unsuccessful.
A tender to be announced in the coming week is for HUF 12 bln of support for investments in geothermal electricity generation.
A tender to be called early in March is for HUF 19 bln in interest-free credit for investments in geothermal heat and electricity generation.
A national plan aims to double Hungary’s geothermal output from 6.4 PJ by 2030.
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